Another salary question but with full details

[kazuki]

Pals,
I know you would have seen enough of this question but the answers that I found could be quite out dated and definitely not custom made for me...
After all, expenses change from person to person...

I am from bangalore, India; Married and working. My hubby has got a job in one of the leading companies in singapore and has been offered 75,000 SGD per year + an yearly bonus. I am to quit my job and relocate with him. Whether or not I would get a job and a work permit, will be clear only when I get in there.....
Considering only my hubby to be working I want to know how much we both will be able to save of this 6250 SGD per month?

1. We both do not drink.
2. We don't like cars. So consider that we use MRT.
3. We are open to live upto 25 mins from city, travelled by MRT. Pref a 2 bedroom apartment.
4. We both love cooking. So we eat out at the most once a week.
5. We buy most of our clothes from India.
6. We do not have kids and do not plan for 2 years.
Considering the above, how do an average person save out of 75,000 SGD????

And, I deliberately omitted the bonus because I consider it only a yearly extra saving. Still, I do not have an idea how much this amount could be. Can someone give a hint on how much bonus anyone can get????

[bunty]

Kazuki
On the bonus piece- which industry will ur husband be working in. I guess it depends on industry to industry.

regarding you being able to work, i guess depends on ur qualifications and the industry that u want to work in and if there are suitable openings. being intitially on DP makes it slightly more difficult to find a job.

Regarding ur questions. ( we are also from india and a couple).'
expenses per month can be as follows:
If u stay 25 minutes away from city and ur husband's office is in city, then budget for atleast SGD 150-175 for MRT per month. if u will not be travelling so often and only on weekends, then budget another SGD 75.

IF u want to stay in a condo, then budget for around SGD 1500 + (even if it is not in city, as rents are now high).,

budget another SGD 150 for cell phone bills
budget SGD 150-200 for electricity/gas/water
budget 40-100 SGD for cable connection (depending on what options u choose).
budget SGD 200 for groceries (if u have non veg, another SGD 50)
weekend expenses (eating out )- SGD 200 (again depending on individual taste and preference).
SGD 100 for other misc expenses.
SGD 50-100 on internet (again depends on options chosen), if u choose cable, internet and mobile from same provider, then there could be savings.

so taking into account the above, work out ur savings.

Mind you,. in the first 2 months, u will have certain initial expenses, like deposit on house, deposit on utilities, if u buy white goods like computer etc...

Pm me if u need any other info.

cheers

[kazuki]

Kazuki
On the bonus piece- which industry will ur husband be working in. I guess it depends on industry to industry.

regarding you being able to work, i guess depends on ur qualifications and the industry that u want to work in and if there are suitable openings. being intitially on DP makes it slightly more difficult to find a job.

Mind you,. in the first 2 months, u will have certain initial expenses, like deposit on house, deposit on utilities, if u buy white goods like computer etc...

Thanks a lot Bunty for that info... I so wanted to hear this from an Indian, considering the different lifestyles in different countries...
You actually gave me good news about rents, for I was thinking you never get an accom below 2000 SGD.

My husband is with Banking industry... Software developer. Any leads on the bonus amount???

How much is a normal house deposit? Is is like India? An year's advance or 10 months? The company's providing a fair amount in the first month. But I donot think we shall pay house deposit with the whole amount!!

[jpatokal]

Bonus is by law at least one month's salary. In a good year, maybe more 1.5-2x more.

[sundaymorningstaple]

JP,

AWS is NOT a law. It is traditional only. The only way it can be forced onto an employer is if it has been traditional within a Union Shop OR it is WRITTEN into your employment contract. Normal companies pay AWS only because it will be hard to keep employees otherwise as most do so "traditionally".

From MOM:

Q: Is it compulsory for employers to pay the Annual Wage Supplement (AWS) or commonly known as the 13th month payment?
A: Whether it is compulsory for employers to pay the AWS depends on the contractual agreement between the employer and the employee, i.e. whether it is provided for in the employment contract or collective agreement. If it is not stipulated, AWS payment is subject to negotiation and mutual agreement between the employer and the employees or their trade unions.